2 weeks Ago By Defense World Staff
Legal & General Group Plc lowered its position in shares of Kratos Defense & Security Solutions, Inc. ( NASDAQ:KTOS – Free Report ) by 1.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission.
The institutional investor owned 222,289 shares of the aerospace company’s stock after selling 4,297 shares during the period. Legal & General Group Plc owned 0.15% of Kratos Defense & Security Solutions worth $5,864,000 at the end of the most recent quarter.
Several other large investors have also recently bought and sold shares of the business. Barclays PLC increased its holdings in shares of Kratos Defense & Security Solutions by 239.5% in the 3rd quarter.
Barclays PLC now owns 273,100 shares of the aerospace company’s stock valued at $6,363,000 after acquiring an additional 192,667 shares during the last quarter. Tidal Investments LLC boosted its holdings in Kratos Defense & Security Solutions by 27.9% in the third quarter.
Tidal Investments LLC now owns 21,258 shares of the aerospace company’s stock valued at $495,000 after purchasing an additional 4,638 shares in the last quarter. Franklin Resources Inc. increased its stake in Kratos Defense & Security Solutions by 12.
2% in the third quarter. Franklin Resources Inc. now owns 2,798,859 shares of the aerospace company’s stock valued at $70,951,000 after purchasing an additional 304,088 shares during the last quarter.
Lord Abbett & CO. LLC raised its holdings in Kratos Defense & Security Solutions by 15.0% during the third quarter.
Lord Abbett & CO. LLC now owns 665,285 shares of the aerospace company’s stock worth $15,501,000 after purchasing an additional 86,567 shares in the last quarter. Finally, JPMorgan Chase & Co.
lifted its position in shares of Kratos Defense & Security Solutions by 1.5% during the 3rd quarter. JPMorgan Chase & Co.
now owns 249,781 shares of the aerospace company’s stock worth $5,820,000 after buying an additional 3,770 shares during the last quarter. Hedge funds and other institutional investors own 75.92% of the company’s stock.
Analyst Ratings Changes KTOS has been the topic of several research analyst reports. Truist Financial lifted their price target on shares of Kratos Defense & Security Solutions from $32.00 to $38.
00 and gave the stock a “buy” rating in a research note on Thursday. Robert W. Baird boosted their target price on Kratos Defense & Security Solutions from $35.
00 to $40.00 and gave the company an “outperform” rating in a report on Tuesday, January 14th. B.
Riley upgraded Kratos Defense & Security Solutions from a “neutral” rating to a “buy” rating and raised their price target for the stock from $26.00 to $35.00 in a research note on Monday, January 13th.
JPMorgan Chase & Co. boosted their price objective on Kratos Defense & Security Solutions from $27.00 to $33.
00 and gave the company a “neutral” rating in a research note on Friday, March 21st. Finally, StockNews.com upgraded shares of Kratos Defense & Security Solutions from a “sell” rating to a “hold” rating in a research report on Wednesday, April 16th.
Four equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $33.
33. Insider Activity In other Kratos Defense & Security Solutions news, SVP Marie Mendoza sold 1,500 shares of the stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $27.
12, for a total value of $40,680.00. Following the completion of the transaction, the senior vice president now owns 60,443 shares in the company, valued at approximately $1,639,214.
16. This represents a 2.42 % decrease in their ownership of the stock.
The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link . Also, insider Steven S. Fendley sold 7,000 shares of the business’s stock in a transaction on Monday, January 27th.
The stock was sold at an average price of $33.16, for a total transaction of $232,120.00.
Following the sale, the insider now owns 365,461 shares in the company, valued at $12,118,686.76. The trade was a 1.
88 % decrease in their ownership of the stock. The disclosure for this sale can be found here . Insiders have sold a total of 87,168 shares of company stock valued at $2,525,600 over the last quarter.
Corporate insiders own 2.37% of the company’s stock. Kratos Defense & Security Solutions Stock Performance NASDAQ:KTOS opened at $33.
09 on Monday. The company has a debt-to-equity ratio of 0.13, a current ratio of 3.
22 and a quick ratio of 2.61. The firm has a market cap of $5.
06 billion, a price-to-earnings ratio of 330.93 and a beta of 1.01.
The firm’s fifty day moving average price is $29.48 and its 200 day moving average price is $28.35.
Kratos Defense & Security Solutions, Inc. has a 1-year low of $17.05 and a 1-year high of $35.
66. Kratos Defense & Security Solutions Profile ( Free Report ) Kratos Defense & Security Solutions, Inc engages in the provision of mission critical products, services and solutions for United States national security priorities. It operates through the Kratos Government Solutions (KGS) and Unmanned Systems (US) segments.
The KGS segment consists of an aggregation of KGS operating segments, including microwave electronic products, space, satellite and cyber, training solutions. Further Reading Five stocks we like better than Kratos Defense & Security Solutions How Can Retail Investors Trade the Toronto Stock Exchange (TSX)? With a 60%+ Upside, There’s Plenty to Love About Lovesac Asset Allocation: The Key to a Successful Portfolio. Are You Paying Attention to Yours? J.
B. Hunt Transport Overcorrects Into a Buying Opportunity 3 Best Fintech Stocks for a Portfolio Boost AppLovin: Can Record Profits Overcome Market Skepticism? Want to see what other hedge funds are holding KTOS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Kratos Defense & Security Solutions, Inc.
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